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CU System briefs (07/20/2009)
* MIRAMAR, Fla. (7/21/09)--Counterfeit cashier's checks bearing the name of Tropical Financial CU, Miramar, Fla., are in circulation, says the Federal Deposit Insurance Corp. The counterfeit items display Tropical Financial's routing number, 267077847, and are similar to authentic checks. However, the counterfeits show a security feature statement embedded in the top border and along the bottom border between two padlocks. In the top left corner, they display the logo in blue and green. Authentic checks are light blue and have blue print. Their top border displays an elongated blue circle with this security feature statement, in all capital letters: "Original check has an artificial watermark on reverse side. Hold at an angle to view." A white watermark logo is in the middle … * READING, Pa. (7/21/09)--Berks Community FCU, Reading, Pa., and Bellco FCU, Wyomissing, Pa., intend to merge, pending membership and regulatory approval. According to Berks Community FCU's website, its board approved a merger proposal on July 6. "The board of directors feels strongly that this merger is in the best interest of our members," said Chairman Forrest D. Wanner in a message to members. The $44 million asset credit union sent ballots to its 7,000 members last week and will conduct a special membership meeting July 27. Bellco FCU is a $55 million asset credit union with 8,000 members. If a merger is approved, the combined credit unions would be called Bellco FCU … * MOBILE, Ala. (7/21/09)--A former high school basketball captain who became a member of a "Hoodies" gang was sentenced to more than 11 years for two bank and credit union robberies. The sentence will be added to a 45-year sentence he already is serving for heists in Mobile County, Ala. Kenterrio Scott, 23, pleaded guilty in March to robbing a Peoples Bank in Dallas County in September 2007 and the Alabama Central CU's Creola branch in December 2007 (Press-Register July 11). He is serving the first prison sentence for robberies of a general store in Theodore in January and theatre in Mobile in 2006. Scott will not be eligible for parole for at least 17 1/2 years. He also was ordered to pay Peoples Bank $5,826 and the credit union $33,229 … * HIGHTSTOWN, N.J. (7/21/09)--Four colleges have agreed to offer private student loans through a credit union student lending program, says the New Jersey Credit Union League (The Daily Exchange July 17). New York University, William Patterson, Lehigh University and York College of Pennsylvania will promote the Ed Access Private Student Loans to their students through CU Student Loans. The colleges will promote the program by offering a link on the financial aid section of their websites … * HIGHTSTOWN, N.J. (7/21/09)--New Jersey Gov. Jon Corzine has nominated Neil Jasey to succeed Steven Goldman as commissioner of the state's Department of Banking and Insurance. Jasey began working Monday as acting commissioner, even though the nomination must still be confirmed by the New Jersey Senate. Jasey is an attorney, most recently employed at Prudential Financial in Newark. He is married to first-term Assemblywoman Mila Jasey (D-27), according to the New Jersey Credit Union League (The Daily Exchange July 20) …


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